Scribd
Upload
55 views1 page

Hra HW

The document outlines three scenarios involving employees' salaries and housing rent allowances (HRA) for the Assessment year 2024-25. It details Mr. Manohar's salary components and requests the calculation of his taxable HRA, Mrs. Sindhu's salary structure and the exempted amount of HRA, and Mr. Maruthi's salary details along with his rent situation to determine his taxable HRA. Each case requires specific calculations based on the given salary, allowances, and rent paid.

Uploaded by

Bhavana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
55 views1 page

Hra HW

The document outlines three scenarios involving employees' salaries and housing rent allowances (HRA) for the Assessment year 2024-25. It details Mr. Manohar's salary components and requests the calculation of his taxable HRA, Mrs. Sindhu's salary structure and the exempted amount of HRA, and Mr. Maruthi's salary details along with his rent situation to determine his taxable HRA. Each case requires specific calculations based on the given salary, allowances, and rent paid.

Uploaded by

Bhavana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

HW SUMS TO BE DONE IN CLASS WORK

1. Mr. Manohar is employed at Mumbai in a Limited


company at a salary of Rs.16,000 p.m. plus DA of
Rs.4,000 p.m. and educational allowance for his 2
children at Rs.2,000 p.m. Since he is deputy manager in
sales department, he is also entitled to 1% commission of
turnover achieved which amounted to Rs.20,00,000
during the year. He is also getting HRA of Rs.8,000 p.m.
The actual rent paid by him is Rs.5,500 p.m. Find out the
taxable HRA for the Assessment year 2024-25

2. Mrs. Sindhu is working in a company and getting a basic


pay of Rs.8,000 p.m. DA 50% of Basic pay.
Commission at 5% of Basic Pay. HRA at 20% Basic Pay.
Bonus is equal to 2 months basic pay. She is residing in a
rented house at Rs.1,800 p.m. Determine exempted
amount of HRA for the Assessment year 2024-25.

3. Mr. Maruthi is employed in a limited company at


Bangalore on a salary of Rs.8,000 p.m. and DA 20% of
salary (60% of DA is under terms of employment). He
gets HRA from the company at the rate of Rs.4,000 p.m.
His annual increment Rs.1,000 p.m. falls due on
1/12/2023 He also received arrears of salary and DA of
preceding year amounting to Rs.9,000 and Rs.500
respectively.
Mr. Maruthi did not pay any rent of the house in which
he lived till 30th September 2023 as he was living with
his uncle. From 1st October 2023 he shifted to a rented
house by paying rent of Rs.3,000 p.m. Find out taxable
amount of HRA for the Assessment year 2024-25.

You might also like